Lowland Investment Company plc is a United Kingdom-based investment trust company focused on providing shareholders with a higher-than-average return through growth of both capital and income over the medium to long term. The company invests predominantly in a diversified portfolio of UK companies across large, medium, and smaller capitalizations, spanning sectors such as basic materials, consumer discretionary, consumer staples, energy, financials, healthcare, industrials, real estate, technology, telecommunications, and utilities. The portfolio typically allocates up to half its investments in FTSE 100 companies, with the remainder across smaller and medium-sized firms. Janus Henderson Fund Management UK Limited acts as the company's alternate investment fund manager. Lowland was established in 1889 and is headquartered in the United Kingdom.
Recent significant developments include the initiation and continuation of an active share buyback program in 2025, repurchasing over 38 million shares at an average discount of 7.8%, enhancing shareholder value. The company has refreshed its portfolio by making new investments in companies such as Mondi, Segro, Norcros, Shaftesbury Capital, Workspace, Dunelm, and FRP Advisory, while trimming holdings in companies including M&S, Barclays, and Rolls-Royce following valuation assessments and takeover activity. The company reported a net asset value total return increase of 16.3% for the year ended September 30, 2024, outperforming its FTSE All-Share index benchmark, with dividends growing by 2.8% to 6.425p per share. Board changes include the appointment of Mark Lam to bring experience in technology and telecommunications, and a Chair transition planned for the 2025 AGM. Lowland's investment strategy remains focused on bottom-up stock picking, valuation sensitivity, and diversified sector and market capitalization exposure within the UK equity market.